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What happens to Contract and Contract Lines when upgrading to 365?

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We are currently on CRM 2016 on prem and will be upgrading soon to 365 on prem.  I know that Contract and Contract lines are being deprecated when going to 365, but I am wondering how they will still transfer over and work in 365 under Entitlements.  Will the relationships still be together from Account, to Contract, to Contract line?  Do I need to any extra work?  Please let me know, thank you.


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